TV TOKYO : Q1 FY2023 Consolidated Earnings Report386KB

Disclaimer: This document is an English translation of the original document in Japanese and has been prepared solely for reference purposes. In the event of any discrepancy between this English translation and the original in Japanese, the original shall prevail in all respects.

Consolidated Financial Results

for the Three Months Ended June 30, 2023

[Japanese GAAP]

August 2, 2023

Company name: TV TOKYO Holdings Corporation

Stock exchange listing: Tokyo Stock Exchange

Code number: 9413

URL: https://www.txhd.co.jp

Representative: Ichiro Ishikawa, CEO President

Contact: Koichi Komaru, General Manager, Finance Division

Phone: [phone]

Scheduled date of filing quarterly securities report: August 9, 2023

Scheduled date of commencing dividend payments: -

Availability of supplementary explanatory materials on quarterly financial results: Available

Schedule of quarterly financial results briefing session: Not scheduled

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Three Months Ended June 30, 2023 (April 1, 2023 - June 30, 2023)

(1) Consolidated Operating Results				(% indicates changes from the previous corresponding period.)
				Net sales			Operating profit			Ordinary profit		Profit attributable to
									owners of parent
	Three months ended		Million yen	%		Million yen	%			Million yen	%		Million yen	%
	June 30, 2023		34,928	(4.6)		1,085	(63.6)			1,574	(48.1)	1,881	(7.3)
	June 30, 2022		36,598	5.8		2,977	16.2			3,033	11.2	2,029	17.1
(Note) Comprehensive income: Three months ended June 30, 2023: ¥1,868 million [20.0%]
				Three months ended June 30, 2022: ¥1,556 million [7.3%]
			Basic earnings		Diluted earnings
				per share			per share
	Three months ended				Yen				Yen
	June 30, 2023				69.11				-
	June 30, 2022				73.30				-
(2) Consolidated Financial Position
				Total assets		Net assets	Equity ratio
					Million yen			Million yen		%
	As of June 30, 2023			137,775			92,734		67.2
	As of March 31, 2023			139,933			93,351		66.6

(Reference) Equity: As of June 30, 2023: ¥92,535 million As of March 31, 2023: ¥93,159 million

2. Dividends

				Annual dividends
		1st quarter-end	2nd quarter-end		3rd quarter-end	Year-end	Total
		Yen	Yen		Yen	Yen	Yen
Fiscal year ended		-	15.00		-	65.00	80.00
March 31, 2023
Fiscal year ending		-
March 31, 2024
Fiscal year ending
March 31, 2024			15.00		-	65.00	80.00
(Forecast)

(Note) Revision to the dividend forecast announced most recently: None

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 - March 31, 2024)

(% indicates changes from the previous corresponding period.)

							Profit attributable	Basic earnings
	Net sales		Operating profit	Ordinary profit	to owners of
			per share
							parent
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
Full year	157,000	4.0	9,500	2.9	9,500	1.3	7,100	5.6	262.49
(Note) Revision to the financial results forecast announced most recently: None

• The financial results forecast may change due to various factors including spread of the COVID-19 infection. In case the financial results forecast needs to be revised, the Company will disclose the revision promptly.

* Notes:

1. Changes in significant subsidiaries during the period under review: None (Changes in specified subsidiaries resulting in changes in scope of consolidation) Newly included: - (Company name:)
   Excluded: - (Company name:)
2. Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: None
3. Changes in accounting policies, changes in accounting estimates and retrospective restatement
4. 1. Changes in accounting policies due to the revision of accounting standards: None
   2. Changes in accounting policies other than 1) above: None
   3. Changes in accounting estimates: None
   4. Retrospective restatement: None
5. Total number of issued shares (common shares)
6. 1. Total number of issued shares at the end of the period (including treasury shares):

June 30, 2023:	27,579,500 shares
March 31, 2023:	27,579,500 shares
2) Total number of treasury shares at the end of the period:
June 30, 2023:	531,104 shares
March 31, 2023:	292,770 shares
3) Average number of shares during the period:
Three months ended June 30, 2023:	27,218,560 shares
Three months ended June 30, 2022:	27,685,772 shares

• This quarterly financial results report is outside the scope of quarterly review by certified public accountants or an audit firm.
• Explanation of the proper use of financial results forecast and other notes

The forward-looking statements in the report, including financial results forecast, are based on the assumptions that the Company determines reasonable in light of information available. Actual performance, etc. may differ materially due to various factors.

Quarterly Consolidated Financial Statements

(1) Quarterly Consolidated Balance Sheets

			(Million yen)
		As of March 31, 2023	As of June 30, 2023
Assets
Current assets
Cash and deposits		41,787	38,114
Notes and accounts receivable - trade	29,199	27,297
Money held in trust		393	398
Programs and films	9,919	10,014
Merchandise		800	885
Supplies	15	14
Income taxes refund receivable		1,824	4,363
Other	1,767	2,406
Allowance for doubtful accounts		(3)	(3)
Total current assets	85,704	83,492
Non-current assets
Property, plant and equipment
Buildings and structures, net		10,323	10,197
Machinery, equipment and vehicles, net	9,192	8,832
Other, net		5,756	5,779
Total property, plant and equipment	25,272	24,808
Intangible assets
Goodwill	400	387
Other		3,266	3,847
Total intangible assets	3,666	4,235
Investments and other assets
Investment securities	17,806	17,999
Other		7,504	7,260
Allowance for doubtful accounts	(20)	(20)
Total investments and other assets		25,290	25,238
Total non-current assets	54,229	54,283
Total assets		139,933	137,775

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					(Million yen)
			As of March 31, 2023		As of June 30, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade			5,910		4,968
Short-term borrowings	5,100	5,100
Accrued expenses			22,039		19,979
Provision for bonuses	2,389	995
Income taxes payable			1,020		279
Other	5,381	9,030
Total current liabilities			41,841		40,353
Non-current liabilities
Provision for retirement benefits for directors (and			50		23
other officers)
Retirement benefit liability	1,920	1,818
Other			2,768		2,845
Total non-current liabilities	4,740	4,687
Total liabilities			46,582		45,041
Net assets
Shareholders' equity
Share capital	10,000	10,000
Capital surplus			18,215		18,215
Retained earnings	62,593	62,700
Treasury shares			(598)		(1,310)
Total shareholders' equity	90,209	89,605
Accumulated other comprehensive income
Valuation difference on available-for-sale securities			2,922		2,897
Foreign currency translation adjustment			55		57
Remeasurements of defined benefit plans	(27)	(25)
Total accumulated other comprehensive income			2,950		2,929
Non-controlling interests	191	198
Total net assets			93,351		92,734
Total liabilities and net assets		139,933	137,775

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